11/18/2018

News

California unemployment rate holds at record low 4.1 percent

California’s unemployment rate held at the record low of 4.1 percent in October. The state Employment Development Department says Friday that employers added 36,400 jobs last month. A year earlier, California’s unemployment rate was 4.5 percent. The rate hit the record low in September after spending months just a notch higher at 4.2 percent.

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Millions of Californians’ jobs could be affected by automation — a scenario the next governor has to address

To Moenius, the rise of robots in warehouses, factories and fast-food restaurants presents danger for places like the Inland Empire, where most residents work in logistics and the service industry and just 21% of adults have a four-year degree. As technology transforms the nature of work in California, how do people most at risk find […]

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California unemployment rate drops to a new record low: 4.1%

California’s unemployment rate ticked down to 4.1% in September from 4.2% the previous month — the lowest rate in 42 years, according to the state’s Employment Development Department. Payrolls in the state grew by 13,200 jobs compared with August, with the most gains coming in the business and professional services sector, the leisure and hospitality […]

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Unemployment is the lowest it’s been in almost 50 years, but the labor market still isn’t completely over the recession

Maybe the most obvious shortcoming is that there still aren’t as many people looking for work as there “should” be. In particular, the share of 25- to 54-year-olds — who you’d think would be in the prime of their careers and are in fact working — is still 0.4 percentage points below where it was […]

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U.S. Unemployment Rate Falls to Lowest Level Since 1969

The unemployment rate fell in September to the lowest level since the Vietnam War while hiring cooled slightly, the latest signs of an extremely tight labor market. The unemployment rate fell to 3.7% from 3.9% in August, the lowest rate since December 1969, the Labor Department said Friday. U.S. nonfarm payrolls rose a seasonally adjusted […]

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California unemployment rate steady at 4.2 percent in August

California’s unemployment rate remained at 4.2 percent in August. The state Employment Development Department says Friday the rate has held steady for five months. The department says California adds 44,800 nonfarm payroll jobs in August, for a total gain of more than 3 million jobs since economic expansion began in February 2010.

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Strong Economy Drove Wages Higher in August as Hiring Heats Up

A robust economy drove U.S. wages higher in August, new evidence that workers are gaining bargaining power with their employers as the nation’s pool of available labor becomes tighter in an expansion that appears to have gained steam in 2018. The Labor Department reported Friday that worker payrolls expanded by 201,000 in August and private-sector […]

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Youth Unemployment Hits 52-Year Low

The unemployment rate among young Americans fell to its lowest level in more than 50 years this summer, though the share of young people looking for work remained well below its peak in 1989. Of Americans between 16 and 24 years old actively looking for work this summer, 9.2% were unemployed in July, the Labor […]

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California adds nearly 47,000 jobs in July; unemployment stays at record low

California payrolls grew by 46,700 jobs in July, a significant gain that came as the unemployment rate held at a record low of 4.2%, according to data released Friday by the state’s Employment Development Department. The positive numbers come as a relief: June’s initial report, which said employers added only 800 jobs to payrolls that […]

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U.S. Hiring Cools Slightly in July, Unemployment Rate Falls

U.S. hiring cooled but remained solid in July and the unemployment rate fell, showing the labor market remains firmly in expansion mode. U.S. nonfarm payrolls rose a seasonally adjusted 157,000 in July, the Labor Department said Friday. The unemployment rate, a seasonally adjusted 3.9%, ticked down from 4.0% the prior month. (Follow our live analysis.) […]

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U.S. Jobless Claims Hit Lowest Level Since 1969

The number of Americans claiming new unemployment benefits fell last week to the lowest level in nearly five decades. Initial jobless claims, a proxy for layoffs across the U.S., decreased by 8,000 to a seasonally adjusted 207,000 in the week ended July 14, the Labor Department said Thursday. This marks the lowest level for claims […]

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California gains just 800 jobs in June; unemployment remains at record low

California gained a meager 800 net jobs in June, while the unemployment rate held steady at a record low of 4.2%, according to data released Friday by the state’s Employment Development Department. The June numbers represent a pullback from May, when the Golden State added 7,200 jobs. And the gains in May were much smaller […]

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U.S. Hiring Strong in June; Unemployment Rate Rises as More Enter Labor Force

Hundreds of thousands of Americans started looking for jobs and employers added 213,000 to their payrolls last month, the Labor Department said Friday. Many of those job seekers were snapped up by employers while some were counted as unemployed while they sought out work, which helped push the jobless rate up to 4.0%, from an […]

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Disability Applications Plunge as the Economy Strengthens

The number of Americans seeking Social Security disability benefits is plunging, a startling reversal of a decades-old trend that threatened the program’s solvency. It is the latest evidence of a stronger economy pulling people back into the job market or preventing workers from being sidelined in the first place. The drop is so significant that […]

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California gains just 5,500 jobs in May; unemployment stays at record-low 4.2%

The California economy cooled a bit in May as employers added just 5,500 net jobs. The unemployment rate held steady at a record low of 4.2%, according to data released Friday by the state’s Employment Development Department. The numbers reflect a slowdown from April, when the state added 25,600 jobs, according to Friday’s downward revision. […]

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